#Gold is doing just fine despite the naysayers, because it is #money and nothing else.
💰 US M1 money supply went from ~300 billion in 1975 to 3.6 Trillion today = 1,200% increase
🥇 Gold in USD went from ~$130 in 1975 to ~$1,350 per ounce today = ~1,000% increase pic.twitter.com/V1ChG7fYGA
— OW (@OccupyWisdom) May 30, 2018
US #Gold = 8,133 tons
8,133/ounces = 260.25 million
260.25 million ounces x $1,300 USD = $338.26 billion USD
M0 #money supply = $3.6T / $338.26 = 10.6
We still have a 10% backing
If you want to back M1, 2, 3, 4 you need a much higher gold price. pic.twitter.com/8mlYoJOP3D
— OW (@OccupyWisdom) May 30, 2018
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